Pillar 2 (Occupational pension)

Occupational pension (Berufliche Vorsorge, BV) ensures the continuation of an individual’s standard of living in retirement or disability.

This supplement to the AHV and IV ensures the continuation of an individual’s standard of living in retirement or disability. Upon the death of the insured, the occupational pension supports survivors with a pension or lump sum payment. All employed persons who are insured under AHV and have a certain minimum income are obliged to pay contributions.

Individuals insured under an occupational pension scheme (BV) are entitled to claim the relevant retirement benefits.

Claim after having reached the AHV retirement ageMen and women who have reached the normal AHV retirement age may claim BV services. Occupational pensions are calculated as a percentage of the retirement assets, which are made up of employee and employer contributions, including interest. The pension can be claimed at the appropriate retirement age, as determined by the pension plan. A portion of the benefits may be paid in a lump sum instead of pensions.

Other benefitsDeath and disability are insured under the BV as well as age. Death benefits are paid out to dependent children as well as widows and widowers. Disability benefits include supplementary services for the insured and their families. The benefits are based on the provisions of the pension plan.